look it up on loopnet in maryvilleThis property defines "deferred maintenance" and needs every bathroom, fixture, cabinet, door, window, floor, appliance, septic systems, supply plumbing,(currently galvanized) hvac systems,water heaters etc replaced, plus all the cosmetics.rehab would easily be over $200k , but the 50 year old septic systems might last a little longer!

That being said, would the properties be more valuable if I left the first floor in the same layout and add a half bath to the dining room, or would it make more sense to move the kitchen cabinets and appliances into the dining room since there'd still be room for a table and make a laundry room and half bath out of the kitchen area? 

Other than painting the kitchen cabinets and replacing the light fixtures, I didn't do much to it.  

Usually when using either 2", 3", or 6" tile you can get away with no cuts along the top where wall cabinets are.

She also said that flooring and cabinets in need of updating are considered cosmetic so it will come down to how the appraiser presents what it found.  

I wouldn't put too much money into it, probably paint the kitchen cabinets and move some other things around in the kitchen, update the bathroom (possibly a gut-job), update the fireplace and flooring throughout, and paint the other rooms.

I already have all the wood flooring, tile, kitchen cabinets, kitchen appliances and misc.  

Then paint the soffit, cabinets and trim a nice white.

Do you have any existing fire extinguishers or empty fire extinguisher cabinets with missing fire extinguishers if you do then definitely they will need  to be recharged re-certified or replaced .I own a fire extinguisher service company in Broward and I can tell you I've seen apartments  plex's both with and without fire extgs even though the state code may require them enforcement vary's from city to city fire and inspector has discretion. 

If you are talking about apartments that are bigger than an efficiency or a studio, I think tenants expect a kitchen big enough to fit normal size appliances and adequate cabinet space.